Trading
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SIFMA appoints former U.S. lawmakers to top posts
Judd A. Gregg and Kenneth E. Bentsen Jr. and were named CEO and president, respectively, of the Securities Industry and Financial Markets Association.
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Apple bonds expected to be part of major indexesBarclays U.S. Aggregate, Standard & Poor's U.S. corporate and other major bond indexes are expected to include $14 billion of the $17 billion in bonds Apple Inc. sold Tuesday, said Colin Robertson, managing director-fixed income, Northern Trust Asset Management.
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Colorado Fire & Police creates managed futures allocation, pledges $49 million to alts
Colorado Fire & Police Pension Association, Greenwood Village, approved a new asset allocation that includes a new 5% allocation to managed futures strategies and committed a total of $49 million to three alternatives managers.
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Exchanges creating programs to attract ETP investors and market makersAmid the blistering pace of exchange-traded product launches in 2012, a subtle undercurrent of skepticism began to creep into the market for new issues.
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BlackRock and MarketAxess to create trading alliance
BlackRock Solutions and MarketAxess Holdings on Tuesday announced the firms will create a U.S credit trading alliance.
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S&P 500 closes at record high amid GDP growth, optimism over EuropeThe Standard & Poor's 500 index rose to an all-time high Thursday, wiping out losses from the financial crisis, as economic growth slowed less than previously estimated and concern about Europe's debt crisis eased.
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S&P 500 tops record closing level as Cyprus concerns easeU.S. stocks rose Thursday, sending the Standard & Poor's 500 index above its record closing level, as the reopening of banks in Cyprus helped ease concern about Europe's debt crisis.
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Not a way to end abusesThe proposed U.S. transaction tax leads investors on a path that in other markets has created distortions in trading, liquidity and costs, while achieving none of the hoped-for objectives in mitigating volatility, high-frequency speculation and systemic risk.
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U.S. financial transaction tax bill introduced in CongressLegislation introduced Thursday by Sen. Tom Harkin, D-Iowa, and Rep. Peter DeFazio, D-Ore., would impose a 0.03% tax beginning in 2014 on non-consumer financial trading, including stocks, bonds and other debts after their initial issuance, and would include derivative contracts, options, puts, ...
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SEC proposes BNY Mellon pay $23 million cross-trading settlement
The SEC issued a proposed plan for distributing $23 million to some institutional clients of BNY Mellon Securities harmed by cross trades that favored some hedge fund customers.
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EBSA clears way for pension fund swaps use
Legal uncertainty that kept pension plan sponsors from executing swaps contracts faded Thursday with an advisory opinion issued by the Labor Department's Employee Benefits Security Administration.
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ING pays $5.7 million in settlement over trading policy disclosure
ING Life Insurance and Annuity Co. will pay retirement plan clients $5.2 million as part of a settlement with the Department of Labor over charges that ING kept the gains from transaction processing errors for roughly 1,400 retirement plans.
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Schroders equity trader arrested in insider-trading probe
Damian Clarke, an equity trader at Schroders PLC, was among two men and three women arrested by the U.K.’s Financial Services Authority as part of an insider-trading probe.
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Miami Beach pension fund wins shareholder suit over currency derivatives
Fibria Celulose agreed to pay shareholders $37.5 million to settle a lawsuit brought by the City of Miami Beach (Fla.) Pension Fund for Firefighters and Police Officers over $2.13 billion of currency-derivative losses in 2008, according to a court filing.
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Winton Capital Management elevates deputy CEO
Tony D. Fenner-Leitao was named CEO of managed futures specialist Winton Capital Management.
